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Federated Mortgage Corp.

Independent Mortgage CompanyPITTSBURGH, PADirect to Consumer

Federated Mortgage has 388 closed loans in our dataset — fully analyzed and benchmarked against peers across the 4 Ps of Mortgage Shopping.

Pricing
Strong
vs. all lenders
Pull Through
Strong
closing strength
Products
Sound
FHA · Conventional · VA
Place
Sound
Multi-Region · 5 mkts
Safe Rate AwardsConventional SuperstarFHA SuperstarPurchase SuperstarRefinance Superstar

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Safe Rate's Summary

What They Do Well

  • Competitive pricing compared to the market
  • Lower than average lender fees
  • Strong pull through performance

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Report Card

Federated Mortgage Corp. performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Highly Competitive
+14.5 bps above market avg
Pull Through
Closing strength
Strong
Highly Competitive
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Industry Standard
Top 60% of lenders
FHA
Sound
Industry Standard
Top 60% of lenders
VA
Acceptable
Near industry average
Bottom 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Industry Standard
Top 60% of lenders
Refinance
Sound
Industry Standard
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Sound
Industry Standard
Top 60% of lenders
Multi-Regional5 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Sound
Exceptional
Strong
34789.4%
+0.120%Above
$601Fees
FHA Loans
Strong
Sound
Sound
Exceptional
277.0%
+0.691%Above
$2,301Fees
VA Loans
Acceptable
Acceptable
112.8%
-0.313%Below
$1,571Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Sound
Strong
Strong
29175.0%
+0.172%Above
$1,384Fees
Refinance
Strong
Sound
Exceptional
Exceptional
9725.0%
+0.070%Above
$1,123Credit

At a Glance

Lender Overview

Lending Activity
Loans Originated
388
Applications
388
Volume
$143 million
Pricing & Closing
Avg Rate Spread
+0.145%
vs. market APOR
Avg Net Fees
$717
Origination − Credits
Pullthrough Rate
100.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$370,335
Avg Borrower Income
$170,242
Avg Property Value
$478,995

Geographic Coverage

Geographic Performance

Metro Areas
5
States Served
12
We count Washington DC as a state
Avg Place Specialization
Sound

States with Loan Originations

CAFLGAMDNCNJOHPASCTNTXVA

Top Metro Areas by Place Specialization Score

1
Pittsburgh, PA, PAMSA
Volume: 201Mix: 51.80%of portfolio
Place
Exceptional
2
Frederick, MDMSA
Volume: 34Mix: 8.76%of portfolio
Place
Strong
3
Baltimore, MDMSA
Volume: 38Mix: 9.79%of portfolio
Place
Sound
4
Arlington, VA-WVMSA
Volume: 22Mix: 5.67%of portfolio
Place
Sound
5
Montgomery County, PAMSA
Volume: 11Mix: 2.84%of portfolio
Place
Sound

Top States by Place Specialization Score

1
PAState
Volume: 220Mix: 56.70%of portfolio
Place
Strong
2
MDState
Volume: 77Mix: 19.85%of portfolio
Place
Strong
3
VAState
Volume: 24Mix: 6.19%of portfolio
Place
Sound
4
NJState
Volume: 12Mix: 3.09%of portfolio
Place
Sound
5
NCState
Volume: 12Mix: 3.09%of portfolio
Place
Acceptable
6
TXState
Volume: 15Mix: 3.87%of portfolio
Place
Acceptable
7
CAState
Volume: 11Mix: 2.84%of portfolio
Place
Acceptable

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.